SPY/QQQ Plan Your Trade For 2-21 : Top Pattern Counter TrendToday's Top pattern in Counter-Trend mode suggests the markets will attempt to move downward, seeking a new support level, then find a base and attempt to roll a bit higher.
I don't expect a big breakdown to take place today, but the YM is already struggling to maintain support - so we may see the ES/NQ break downward if the major markets continue to weaken throughout the day.
I do expect the markets to move into my Major Bottom pattern over the next 3-5+ trading days. So, overall, I expect the markets to reject these recent highs and attempt to move downward.
Gold and Silver should continue to rally with Gold trying to break above $3k and silver trying to break above $35.
Bitcoin is moving into an early stage Excess Phase Peak flagging formation. This should prompt a fairly solid rally phase for Bitcoin over the next few days/weeks.
If my longer-term research is correct, the recent new highs will be rejected and price will roll into a double-bottom type of setup between now and the end of March 2025.
I suspect traders are not prepared for this move and will continue to try to BUY any dip they see over the next 30+ days.
My only advice is to play the short-term trends and avoid position or swing trading too heavily.
The markets are going to become very volatile over the next 30+ days.
Get some.
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Gold
Gold - Exceptional StrengthGold is clearly in an impulse wave that I feel is the wave five of a larger third wave. Generally, a fifth wave in commodities is often the biggest. While in normal trading vehicle, the third wave is the largest. So either way, momentum remains strong.
GDX however is not as strong but my expectations are for this to change. Recent miner financials have showed that high gold prices along with lower energy costs result in strong positive cash flow. There are too many bargains in the miners sector and as cash levels increase, look for M&A opportunities.
HelenP. I Gold may continue an upward trendHi folks today I'm prepared for you Gold analytics. In this scenario, we can observe how the price initially reached Support 2 before dropping further to Support 3, eventually breaking through and touching the trend line. From there, the price began to rise, fluctuating between the trend line, and soon broke through Support 3 once again. After this, the price made a slight correction toward the support zone before climbing back to the trend line, continuing to move upward just below it. Shortly after, Gold reached Support 2 again and swiftly broke through, even making a false breakout of the trend line before correcting back to the support zone. Following this move, XAU resumed its upward trajectory, eventually breaking above the trend line and reaching Support 1, which aligned with the support zone. The price continued its bullish movement, surging as high as 2942 points before correcting back to the trend line. Currently, Gold remains in an uptrend, and I anticipate another correction to the trend line before continuing its upward movement. Based on this outlook, I have set my target at 3000 points. If you like my analytics you may support me with your like/comment ❤️
Gold XAUUSD Intra-day Move 21.02.2025Gold (XAU/USD) 30-Minute Chart - Intraday Trading Analysis & Signal
📊 Market Structure & Key Levels:
Uptrend in Play: Gold has been respecting an ascending trendline since $2,880, indicating continued bullish sentiment.
Current Support Zone: $2,923 - $2,925, aligning with multiple trendlines and horizontal support.
Resistance Levels to Watch:
$2,950 - $2,955 (first resistance zone)
$2,970 - $2,975 (major resistance and target)
Breakdown Scenario: If gold fails to hold $2,923, we could see a drop toward $2,905 - $2,898.
📈 Intraday Trading Signal for XAU/USD:
✅ Buy Entry: $2,923 - $2,925 (If price holds this support zone and shows bullish reaction)
🎯 Take Profit (TP1): $2,950
🎯 Take Profit (TP2): $2,970
🛑 Stop Loss (SL): Below $2,915
📌 Alternative Scenario (Sell Setup)
❌ Sell Entry: Below $2,922 (If price breaks below support and trendline)
🎯 Take Profit (TP1): $2,905
🎯 Take Profit (TP2): $2,898
🛑 Stop Loss (SL): Above $2,935
🕵 Confirmation Checklist Before Entering Trade:
✅ Bullish Rejection from $2,923 - $2,925 for Buy
✅ Bearish Breakdown Below $2,922 for Sell
✅ Volume Surge in Direction of Trade
✅ DXY (Dollar Index) Weakness for Bullish Gold
⚠ Risk Management & Trade Tips:
Move SL to breakeven after TP1 is hit.
If price closes below $2,922, invalidate buy trade and switch to short setup.
Monitor news events impacting USD for volatility.
🚀 Trade with discipline, and let the market confirm the move! 🔥
FOLLOW, COMMENT AND LIKE.
XAUUSD: 21/2 Today's Market Analysis and StrategyGold technical analysis
Daily resistance 3000, support below 2892
Four-hour resistance 3000, support below 2920
Gold operation suggestions: Gold continued to rise strongly in the Asian and European sessions yesterday. The European session accelerated the breakthrough and stood above the 2950 mark to further create a historical high. However, the gold price was under pressure at the 2954 mark before the US session, and it fell back and fluctuated. The US session accelerated downward to break through the 2930 mark and continued to fall to around 2924, and then began to rebound.
From the current 4-hour analysis, today's lower support continues to focus on the vicinity of 2920, the daily level support is 2892, and the upper pressure is above the 2958-60 line. The overall support continues to rely on this range to sell high and buy low, and wait patiently for key points to enter the market.
BUY:2924near SL:2920
BUY:2892near SL:2888
Today analysis for Nasdaq, Oil, and GoldNasdaq
The Nasdaq closed lower as Walmart’s earnings report raised concerns about slowing consumer demand. Today marks the weekly close, and since the weekly chart has not yet confirmed a buy signal, any downward movement in the MACD could increase the likelihood of further declines.
On the daily chart, the 10-day moving average is acting as support, aligning with the upper boundary of the February range. The MACD remains in a buy signal, but market flows are mixed, suggesting that choppy price action with alternating bullish and bearish candles could persist.
Until a strong breakout candle decisively clears previous highs, it is safer to treat the current market as range-bound. While the bullish bias remains, traders should monitor whether the daily MACD generates a sell signal, which could shift momentum in favor of sellers.
On the 240-minute chart, the MACD is declining sharply, indicating that buying pressure is weak. However, since the signal line is still above the zero line, a rebound attempt could emerge between 21,800 and 21,900. If the gap between the MACD and the signal line continues to widen, traders should avoid chasing long positions, even if a short-term bounce occurs.
Crude Oil
Crude oil closed higher, finding support near the $71 level. A buy signal has appeared on the daily chart, though it is not yet confirmed. The MACD and signal line have formed a golden cross, but today’s daily close will likely determine whether the buy signal holds.
If the buy signal remains valid, oil could be forming a double-bottom pattern, confirming a base before moving higher. However, given weekend geopolitical risks, holding positions over the weekend (overweekend exposure) should be approached with caution.
On the 240-minute chart, the MACD has pulled back toward the signal line before resuming an upward move, forming a wave 3 buying pattern. Since further upside momentum is possible, traders should focus on buying dips rather than chasing breakouts.
Gold
Gold closed higher after breaking above its previous high. On the daily chart, the MACD and signal line are closely aligned, meaning that if gold prints a bearish candle and breaks below the 10-day moving average, a bearish crossover (death cross) is likely.
Since the MACD and signal line are still at elevated levels above the zero line, any selloff is likely to be met with buying interest, keeping the market range-bound. However, if gold breaks below the lower boundary of the current range, a sharp sell-off could occur, making stop-loss management crucial for long positions.
On the 240-minute chart, gold has briefly broken above a triple-top formation before pulling back, forming a whipsaw pattern. This suggests that a further drop is likely.
If the MACD on the 240-minute chart crosses below the signal line, it could mark the start of a trend reversal, making this a key technical level to watch.
Overall, gold remains in a range-bound environment, but selling at highs is currently more favorable. If buying at support, stop-loss management is essential.
As we close out the weekly session, traders should focus on risk management and ensure safe trading strategies. Take the weekend to rest, recharge, and maintain a healthy balance between trading and personal life. Wishing you a successful trading day and a great weekend!
If you like my analysis, please follow me and give it a boost!
For additional strategies for today, check out my profile. Thank you!
Gold XAUUSD Possible Move 17-21 FEB, 20251. Double Top Formation:
First Peak: The price reached the resistance zone ($2,940) and got rejected.
Second Peak: The price attempted to break this level again but faced rejection, forming the second top.
Neckline (Support Zone at $2,875 - $2,885): The price is now testing this area, which acts as a key decision point.
2. Bearish Confirmation (If Breakdown Happens):
If the price breaks below $2,875 and closes below this level, it confirms the double top.
The next potential downside target would be around $2,800 - $2,810 (measured move from the top to neckline).
3. Possible Scenarios:
✅ Bullish Rebound (Invalidates Double Top):
If the price holds $2,875 - $2,885 and bounces up, it could retest $2,940 - $2,960 again.
This would turn the pattern into a fakeout, leading to another bullish move.
❌ Bearish Breakdown (Confirms Double Top):
A clean break and close below $2,875 signals more downside.
Target: $2,810 (or lower if momentum continues).
4. Trading Strategy:
Short Entry (Bearish):
If price breaks below $2,875, enter a sell position.
Stop-loss: Above $2,890 (to avoid fakeouts).
Take profit: $2,810 (or trail SL if trend continues).
Long Entry (Bullish Reversal):
If price holds $2,875 - $2,885 and forms bullish confirmation (like a hammer or engulfing candle).
Stop-loss: Below $2,870 to protect from a fake breakout.
Take profit: $2,940 - $2,960.
Final Thought: If this is truly a double top, a break below the neckline could trigger a bigger correction. But if buyers step in, it could flip into a breakout-retest strategy instead.
World gold prices increased in the context of the USD fallingFinancial markets became more concerned on Thursday due to concerns of new tariffs from the US and rising tensions between the US and Europe. In addition, the tense relationship between US President Donald Trump and Ukrainian President Volodymyr Zelenskiy also makes the market uneasy, especially when there are signs that Donald Trump may be leaning towards Russian President Vladimir Putin in negotiations on the Russia-Ukraine war.
Gold prices delivered in April maintain a strong upward trend, with the main motivation coming from safe haven demand and speculative cash flow. Currently, the important resistance level is identified at 2,973.4 USD/ounce - the highest level just established, followed by 2,985 USD/ounce. If gold surpasses $3,000/ounce, the upward momentum could continue.
Resist : 2954 , 3000
Support : 2933 , 2900 , 2850
XAUUSD Update – Key Levels in Play!🚀 XAUUSD Update – Key Levels in Play!
📉 Major Support & Rebound
As predicted in our recent analysis, gold found strong support at $2880, triggering a bullish reversal. This move has sent XAUUSD soaring back above $2950, securing a +2.58% gain in the process.
🔥 Technical Setup & Key Observations
✅ Head & Shoulders Formation on Hourly – A clear bearish structure is forming, but confirmation is still required.
✅ Failed Breakout at $2940 – Gold attempted to push higher but failed to hold above resistance, moving back into the range.
✅ Critical Support at $2925 – This is the key level to watch. A confirmed break below could trigger a further drop toward $2900.
📊 What’s Next?
🔹 Bearish Scenario – If price breaks $2925, expect a decline toward $2900, with further downside possible.
🔹 Bullish Invalidations – If XAUUSD reclaims $2940, the head & shoulders pattern fails, and we could see a renewed rally toward $2960+.
🔹 Watch Volume & Momentum – Increased selling pressure will validate the bearish move, while strong buying at key levels may shift the trend.
🎯 Trading Plan & Strategy
📌 Short positions on a confirmed $2925 break, targeting $2900.
📌 Long positions only above $2940, with targets at $2960 and beyond.
📌 Stay cautious—this is a key inflection zone, and price action will dictate the next move.
💡 Gold’s next major move is in the making—are you positioned correctly? 🚀📊
EURUSD Analysis... and MORE!Here is some analysis on EURUSD, USDCHF, and a couple of other things.
I'm expecting higher prices on EURUSD and likewise some lower prices on USDCHF. I've already entered some positions, but there may be opportunities for more re-entries down the road as we may have some days or weeks to get to my targets.
I use ICT concepts along with my own revelations. I hope you find it useful.
Happy trading.
- R2F Trading
0217-0221 GOLD WEEKLY OUTLOOKHello traders,
When events develop in an illogical manner, emotions and manipulation are often the first two factors to consider.
1. The "illogical" phenomenon behind last Friday's U.S. stock market surge
Last night, U.S. stocks experienced a significant rally despite lacking fundamental support. However, from the perspective of economic data and market dynamics, this surge appears to lack rationality.
1. Inflationary pressures are significantly increasing
In January, the Producer Price Index (PPI) inflation rate unexpectedly rose to 3.5% (higher than the expected 3.2%), while the core PPI inflation rate reached 3.6% (higher than the expected 3.3%).
This marks the highest PPI inflation rate since February 2023. More importantly, this data confirms that the previous 0.5% month-on-month increase in CPI was not due to seasonal factors but rather a reflection of persistent inflationary pressures.
2. Employment data indicates an overheated economy
Last week, initial jobless claims came in at 213K, lower than the expected 216K, while continuing claims reached 1850K, below the expected 1882K.
This demonstrates that the labor market remains strong, and the "hot" employment data further reinforces concerns about an overheating economy.
3. Rate cut expectations are delayed
With CPI, PPI, and employment data all exceeding expectations, the Federal Reserve's rate cut expectations have been pushed further back. Currently, the market generally anticipates the earliest rate cuts to occur in September 2025.
Even worse, if the Fed's core Personal Consumption Expenditures (PCE) data, which is expected to be released today, also shows an increase, the market may reprice rate hike expectations. The two-year U.S. Treasury yield has already broken out of its symmetrical triangle, with technical analysis suggesting its next target could be 5%, further strengthening expectations that the Fed may resume rate hikes instead of continuing to cut rates.
4. Liquidity is shrinking
On Thursday (February 13), the Federal Reserve's overnight reverse repurchase agreement (RRP) usage dropped to $67.82 billion, the lowest level since April 2021, indicating that market liquidity is rapidly contracting.
From this data, it is evident that U.S. stocks lack fundamental support for their rally. However, under such circumstances, the significant rise in U.S. stocks raises questions about whether emotional trading and market manipulation are at play.
---
2. Crowded markets: Risk appetite reaches extremes
Scott Rubner, Managing Director and Tactical Expert at Goldman Sachs Global Markets, published a report following last night's U.S. stock market rally, bluntly stating that this is his final bullish email on U.S. stocks for this quarter. He pointed out:
> “Everyone is in this pool, including retail investors, 401(k) retirement fund inflows, beginning-of-year fund allocations, and corporations. The dynamics of fund flow demand are rapidly changing, and negative seasonality is approaching.”
This suggests that the market is already too crowded, and the momentum for buying on dips is rapidly diminishing. The following data further confirms the extreme crowding in the market:
1. Assets in leveraged long equity ETFs reached a record high of $95 billion last week, compared to $67.6 billion during the stock market frenzy of 2021.
2. Since the third quarter of 2022, the total assets of funds using derivatives for long bets have tripled.
3. Assets in leveraged short equity ETFs decreased by $13.3 billion, falling to $8.5 billion. In other words, for every $1 in leveraged short ETFs, there is a record $11 in leveraged long ETFs.
The level of crowding in market trading has reached an extreme, or even "crazy," state. This extreme risk appetite has planted hidden risks for the future trajectory of the market.
---
3. Why did gold pull back?
In such an extreme market environment for U.S. stocks, gold, as a safe-haven asset, failed to reach new highs last Friday and instead retreated. The reasons behind this phenomenon mainly include the following:
1. A stronger U.S. dollar
Due to rising expectations that the Fed may resume rate hikes, the U.S. Dollar Index saw a significant rebound last Friday. Gold prices typically have a negative correlation with the dollar, and a stronger dollar directly suppressed gold's upward momentum.
2. Rising real interest rates
The upward movement in the two-year U.S. Treasury yield and the market's repricing of the Fed's monetary policy caused real interest rates to rise. Gold, as a non-yielding asset, is highly sensitive to real interest rates. Rising real interest rates weaken gold's appeal.
3. Market sentiment shifting toward risk assets
Despite the market's uncertainties, the strong performance of U.S. stocks attracted substantial capital inflows into risk assets. Increased risk appetite among investors reduced demand for safe-haven assets like gold.
4. Technical resistance
From a technical analysis perspective, gold faced significant resistance near its previous highs. Profit-taking by bulls further exacerbated gold's pullback.
---
4. Technical Analysis
Weekly Chart
It is evident that gold has entered a period of consolidation near its top. Last week closed with a bearish candle, forming a multi-candle evening star pattern on the weekly chart, which is a bearish reversal signal. For the upcoming week, the trading strategy will focus on identifying short opportunities on lower timeframes.
Four-Hour Chart
The five-wave structure appears to have ended, with the final wave reaching higher and broader levels than previously anticipated.
Considering the gradual formation of a top structure, next week's trading plan will focus on short opportunities below the four-hour EMA.
---
GOOD LUCK!
LESS IS MORE!
Trade Idea: XAUUSD Long (BUY LIMIT)Gold is in a strong uptrend on the Daily chart, making higher highs and showing strong momentum. The RSI is above 70, indicating overbought conditions, but this is typical in strong trends. The MACD is bullish and confirms momentum.
On the 15-minute chart, Gold is consolidating after a strong rally, suggesting a continuation higher. The RSI is neutral (49.33), giving room for more upside.
On the 3-minute chart, Gold is experiencing a pullback, creating an opportunity to buy at a better price. The MACD is near neutral, signaling that a bullish reversal could be setting up.
Trade Setup
• Entry: 2936 (Near recent consolidation area)
• Stop Loss (SL): 2928 (Below recent support, limiting downside risk)
• Take Profit (TP): 2952 (Near next resistance level, maintaining a 2:1 RRR)
Fundamental Justification
• Gold is bullish due to inflationary concerns and continued demand for safe-haven assets.
• Interest rate expectations remain dovish, supporting Gold’s strength.
FUSIONMARKETS:XAUUSD
Gold (XAU/USD) Triangle Pattern – Key Support Test Incoming!Gold (XAU/USD) Triangle Pattern – Key Support Test Incoming! ⚠️
📊 Timeframe: 4H
💰 Current Price: $2,939
📉 Pattern: Ascending Triangle Breakdown Potential
Market Overview:
Gold has been forming an ascending triangle, with price reacting between the top resistance line and the rising trendline support. The price is now rejecting the upper boundary and could head towards key support zones before making its next move.
Key Levels to Watch:
✅ First Support Area: $2,925 - $2,930 (Short-term bounce zone)
✅ Next Support Area: $2,900 - $2,910 (Stronger demand zone & trendline support)
✅ Resistance: $2,950 (Breakout level for bullish continuation)
Technical Analysis:
🔹 Price Rejection at the Top Line of Triangle: Selling pressure is increasing near resistance.
🔹 Support Retest Possible: If price moves lower, the first support area could act as a minor bounce zone, but if broken, we may see a drop to the next support area at $2,900.
🔹 Trendline Test Incoming: The bottom line of the triangle is critical—if it holds, we could see a bullish reversal. A breakdown would signal further downside.
Trade Plan:
🔹Bearish Scenario:
- If price breaks below $2,925, it could drop towards $2,900 support.
- Short Entry: Below $2,925
- Target: $2,900
- Stop Loss: $2,945
🔹 Bullish Scenario:
- If price holds the trendline support and shows bullish confirmation, we could see a **bounce back towards $2,950.
- Long Entry: Near $2,900 with confirmation
- Target: $2,950
- Stop Loss: $2,885
Gold (XAU/USD) Bullish Trend – Retest of Support Before BreakoutGold (XAU/USD) Bullish Trend – Retest of Support Before Breakout 🚀
📊 Timeframe: 4H
💰 Current Price: $2,938
📈 Trend: Strong Uptrend with Higher Highs & Higher Lows
Market Overview:
Gold is following a well-established bullish trend, consistently respecting the trendline support and bouncing off key support zones. The price is currently retesting a critical support level at $2,865, which aligns with previous breakout zones.
Key Levels to Watch:
✅ Support Zones: $2,865 (Major trendline support)
✅ Resistance Zones: $3,000 (Psychological level & next target)
✅ Potential Deeper Pullback: $2,730 (Secondary support)
Technical Analysis:
🔹 Trendline Holding: Price has respected the trendline multiple times, acting as dynamic support.
🔹 Support Zone Confirmation: Each dip into the support zones has led to a continuation of the uptrend.
🔹 Potential Breakout Towards $3,000: If support holds, gold could target the psychological level of $3,000.
Trade Plan:
🔹 Bullish Scenario:
A successful retest of $2,865 with bullish confirmation (strong candles, wicks rejecting lower levels) could trigger an entry.
Target: $3,000 (resistance zone)
🔹 Bearish Scenario:
If price breaks below $2,865, we could see a correction to $2,730 before resuming the uptrend.
Gold Analysis – Ascending Channel with Resistance RejectionGold (XAU/USD) Analysis – Ascending Channel with Resistance Rejection 📉
📊 Timeframe: 4H
💰 Current Price: $2,939
📈 Trend: Uptrend within an ascending channel
Market Overview:
Gold is currently trading inside an ascending channel, respecting both dynamic support and resistance. However, the price has shown multiple rejections at the resistance zone, indicating a potential pullback.
Key Levels to Watch:
✅ Resistance Zone: $2,950 - $2,960 (Strong rejection area)
✅ Support Levels: $2,920 (Dynamic support), $2,882 (Major support)
✅ Critical Breakdown Level: Below $2,882 could signal a deeper correction
Technical Pattern:
🔹 Double Top Formation at Resistance: Price failed to break higher, showing a bearish reaction.
🔹 Dynamic Support Retest: The price could test the ascending channel support near $2,920.
🔹 Lower Highs Forming: A sign of weakening bullish momentum.
Trade Plan:
🔹 Bearish Scenario:
If price rejects the resistance again, expect a pullback towards $2,920 - $2,910.
A breakdown below the ascending channel could trigger a drop to $2,882 or lower.
🔹 Bullish Scenario:
If price holds above $2,920, bulls may attempt another breakout towards $2,960+.
XAUUSD (Gold) Analysis Report: Market Trends and Future OutlookXAUUSD (Gold)
Current Market Overview
Gold has experienced a slight downturn recently, reflecting broader market uncertainties and shifts in investor sentiment. However, technical analysis indicates that a bullish move could be on the horizon if certain conditions are met.
Technical Analysis
Trendline and Key Levels
The current analysis suggests that the market is slightly bearish. However, a potential bullish move could be observed if the market breaks above the established trendline. Key levels to watch include:
Retracement Level: 2342.35
Target Levels: 2483.74 and 2601.55
A break above the trendline and the retracement level of 2342.35 could set the stage for upward movement, potentially reaching the target levels of 2483.74 and 2601.55.
Conclusion
While the gold market currently shows signs of a slight downtrend, a bullish move could be imminent if critical technical levels are breached. As always, it is essential for traders and investors to conduct thorough analysis and consider all factors before making any decisions. This report aims to provide insights and assist in understanding the potential future movements in the XAUUSD (Gold) market.
Disclaimer: This report is for informational purposes only and does not constitute financial advice. We are not SEBI registered advisors.
GOLD Looks Like A Giant Bull Trap Price To Fall DramaticallyThis move in gold has been nice but I think its almost over. This was a giant bull trap in my opinion. Over the next few years I see Gold coming down to the bottom trend line then longer term probably below $1000 after it breaks the rising wedge.
I think the Golden Age of America is a real thing. Cheaper energy, more advanced ways of mining, new large gold deposits will be found. Gold will always be relevant but will never be used as money again. No real need for it other than industrial uses. Eventually we'll be able to manufacture gold, silver, and pretty much any other metal and there wont be a need for mining anymore. We're moving forward not backwards.
Best of luck my friends, none of this is financial advice.
GOLD 4H CHART ROUTE MAP UPDATEHey Everyone,
Please see update on our 4h chart after smashing levels on our 1h chart idea.
This chart idea is playing out perfectly!!! We got our 2890 and 2928 Bullish target hit. This followed with ema5 lock opening the range above upto 2959. We got the move up after the lock for over 200 pips but just short of the full gap. As long as we have no lock below 2928, we are good to buy dips into this range for now.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
2890 - DONE
2928 - DONE
EMA5 CROSS AND LOCK ABOVE 2928 WILL OPEN THE FOLLOWING BULLISH TARGET
2959
EMA5 CROSS AND LOCK ABOVE 2959 WILL OPEN THE FOLLOWING BULLISH TARGET
2992
EMA5 CROSS AND LOCK ABOVE 2992 WILL OPEN THE FOLLOWING BULLISH TARGET
3024
BEARISH TARGETS
EMA5 CROSS AND LOCK BELOW 2890 WILL OPEN THE FOLLOWING BEARISH TARGET
2857
EMA5 CROSS AND LOCK BELOW 2857 WILL OPEN THE RETRACEMENT RANGE
2813 - 2785
EMA5 CROSS AND LOCK BELOW 2785 WILL OPEN THE SWING RANGE
SWING RANGE
2744 - 2713
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
GDX - Gold Miners ETF: Inverse Head & shouldersGold prices have surged to unprecedented levels in light of recent trade policy changes. The announcement by US President Donald Trump regarding a new 25% tariff on essential imports such as cars, semiconductors, and pharmaceuticals has created a wave of uncertainty among investors. This risk-off sentiment has driven many to seek refuge in safe-haven assets like gold.
Nevertheless, this upward momentum may encounter challenges if a trade agreement with China comes to fruition. A successful deal could alleviate global trade tensions, leading to a decrease in gold demand and possibly resulting in selling pressure.
However sustained high bullion prices could prove to be a significant advantage for gold miners. The GDX ETF is showing a persistent inverse head and shoulders pattern, indicating potential for further gains.
Gold prices are also maintaining at historic peak levelsAccording to analysis, the domestic and foreign gold markets are being strongly influenced by the forums of the US Federal Reserve (FED) and the main US trade lists.
Recently, President Donald Trump continued to announce that he could impose a 25% tax on imported cars, semiconductors and pharmaceuticals...
Investors continue to look to gold as a safe foreign channel, amid worries about international trade tensions and negotiations to end the conflict in Ukraine that have not yet had positive results as expected.
The USD index remained at its lowest level in about 2 months, around 106.9 points, also supporting the rise of gold prices.
Minutes of the Federal Open Market CommitteeCommittee participants began discussions related to their review of the Federal Reserve's monetary policy framework. This review is focused on two specific areas: the Committee's Statement on Longer-Run Goals and Monetary Policy Strategy, which presents the Committee's approach to the conduct of monetary policy, and the Committee's policy communication practices. The Committee's 2 percent longer-run inflation goal will be retained and is not a focus of the review.
The manager noted that inflation offsets overall increased slightly. However, both the survey measures of inflation expectations and prices in the Treasury Inflation-Protected Securities market remained fairly consistent with predictions that inflation would return to the Committee's 2% inflation target.
In money markets, the manager noted that a quarter-point lowering of the target range for the federal funds rate in December was fully carried over to other short-term rates. Additionally, the 5 basis point technical adjustment to the overnight reverse repurchase agreement (ON RRP) offering rate made in December appears to have been passed through almost entirely to the repurchase agreement (repo) rate.